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CANOO BANKRUPTCY
Electric truck company Nikola files for Chapter 11 bankruptcy protection — Calls it ‘best possible path forward’In a press release, Nikola stated that it intends to continue providing limited (non-dealer) service and support operations for its trucks ...- Is there a hidden message for Tesla CEO Elon Musk? One by one, EV makers in the US are going bankrupt, the latest being CanooTesla CEO Elon Musk should probably read the warning labels of the US electric vehicle market now, as most of the companies that are workin...
- EV startup founders made big claims, now one could go to prisonA federal judge in Manhattan will sentence Trevor Milton, founder and former CEO of the truck company Nikola, after a jury found him guilty...
- No revenue is no problem in the 2020 stock marketThe remarkable thing about some of these SPAC-backed companies is they’re going public before they’ve generated their first revenues. These...
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